on 1933 Industries Inc. (NASDAQ:TGIFF)
1933 Industries Urges Final Conversions of 2024 Debentures
1933 Industries Inc., based in Vancouver, has issued a last call for holders of its 2024 unsecured convertible debentures to convert them into equity. The deadline for submitting conversion instructions is today, December 22, 2025. While the debentures mature on December 31, conversions must be processed by today.
The company, unable to repay the debentures in cash, emphasizes conversion as the best option. This move supports liquidity and business continuity. Conversion of the debentures is viewed as a necessary step to reduce financial risk and strengthen the company's capital structure.
CEO Brian Farrell acknowledges early converters for their support, which aids in fortifying the company’s financial standing. Debenture holders can convert at $0.05 per unit, with each unit comprising one common share and one warrant, exercisable until 2028.
R. H.
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